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Goldbrook Ventures Inc (GBK:CA)
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Web site:
http://www.goldbrookventures.com/
Goldbrook Ventures is engaged in the exploration and development of Nickel-Copper-Platinum Group Element sulphide deposits – a class of mineral deposit that, due to its polymetallic nature, has an advantage of protection against individual metal price cycles and has strong long term supply-demand fundamentals. Goldbrook's quest for discovery is focused in the Raglan District of Northern Quebec, a district that hosts Xstrata's Raglan operations, arguably one of the world's most profitable nickel-copper-PGE mines. Goldbrook is the District's single largest holder of mineral rights, with a 100% interest in 861,000 acres.
Goldbrook Raglan Project: Goldbrook’s Raglan project is in the third year of an option-joint venture agreement with Jilin Jien Nickel Industry Co. Ltd.,(“Jilin Jien”) uder which they can earn a fifty percent interest in the Goldbrook properties by funding minimum exploration expenditures of $45 million (plus reinvestment of Quebec rebates). To date, Jilin Jien has funded exploration costs totaling approximately $39.5 million, and we expect that they will reach the required total expenditures to complete their earn-in by the completion of the 2010 exploration program.
Nunavik Nickel Project:
Jien Canada Mining Ltd., a wholly owned subsidiary of Jilin Jien Nickel Industry Co., Ltd. (75%) of China, and Vancouver based Goldbrook Ventures Inc. (25%) (TSX-V: GBK) acquired Canadian Royalties and all its nickel-sulphide assets in November 2009. Goldbrook owns 25% of the voting shares of Jien Canada Mining Ltd. the owner of the nickel-copper-cobalt-platinum-palladium-gold deposits in the Raglan mining district which collectively form the Nunavik Nickel Project.
GBK – JJ Joint Venture
The large Goldbrook property is located in Nunavik, northern Quebec, Canada. The present logistical centre of the property, Belanger Camp with accommodation for 70 persons, is located approximately 95 km south of the Northern Village of Salluit, a regional community on the Arctic coast. The eastern end of the contiguous part of the elongate property is about 17 km west of Kangiqsujuaq, another Inuit community on the Arctic coast, and extends 200 km west, and is up to 50 km wide in a north-south direction. There are several smaller outlying claim blocks on the east end, west end and south side of the large contiguous block. The total area of the 8863 individual mineral claims held in the name of Goldbrook Ventures Inc is 360,720.89 hectares or approximately 891,329 acres. The 8863 individual mineral claims are in good standing. Click here for more information.
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GBK:CA
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